A stochastic strategy for the minority game

G. Reents, R. Metzler and W. Kinzel

Physica A: Statistical Mechanics and its Applications, 2001, vol. 299, issue 1, 253-261

Abstract: We present a new strategy for the Minority Game. Players who were successful in the previous timestep stay with their decision, while the losers change their decision with a probability p. Analytical results for different regimes of p and the number of players N are given and connections to existing models are discussed. It is shown that for p∝1/N the average loss σ2 is of the order of 1 and does not increase with N as for other known strategies.

Keywords: Minority game; Markov process; Econophysics (search for similar items in EconPapers)
Date: 2001
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:299:y:2001:i:1:p:253-261

DOI: 10.1016/S0378-4371(01)00303-X

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